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8831 & 8837 Gap Newport Pike offer a unique package of two parcels spanning approximately 2.4 acres, featuring 10 rental units across 5 buildings. Seven of the units share a desirable layout with 1,200+ sq ft of living space, each with separate entrances and attached garages. Several also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income. Of these seven, four are 2-bedroom & three are 3-bedroom. The main house adds a 3-bedroom unit & two more 2-bedroom units, all well-maintained with long-term tenants in place. Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month. With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential. Please do not walk the property or disturb tenants. All showings must be scheduled.
| DAYS ON MARKET | 8 | LAST UPDATED | 10/1/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | New Garden Twp (10360) |
| COUNTY | CHESTER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | KENNETT CONSOLIDATED |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | New Garden Twp (10360) |
| CONSTRUCTION | Block, Concrete, Frame, Stucco |
| GARAGE | Yes |
| HEAT | Hot Water, Oil, Propane |
| LOT | 2.4 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Garage, Driveway |
| SEWER | Septic Tank, Public Sewer |
| TAXES | 9406 |
| UTILITIES | Water Available, Sewer Available, Propane, Other |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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